REUTERS By Justine Irish D. Tabile, Reporter THE PHILIPPINE Economic Zone Authority (PEZA) has so far approved P61.62 billion worth of investment pledges in the first eight months, representing only 30% of the agency’s target for the year. PEZA Deputy Director-General for Operations Vivian S. Santos told reporters on Friday that the investment promotion agency […]
By Kyle Aristophere T. Atienza, Reporter THE GOVERNMENT should boost development in key areas outside Metro Manila in the face of increasing extreme weather events, economists said, as the capital region that accounts for over 30% of the country’s economic output struggles with flooding issues. The condition of Metro Manila, which contributes 36% to the […]
REUTERS OUTSTANDING external debt hit a record $130.182 billion at the end of June, but remained at “manageable” levels, the Bangko Sentral ng Pilipinas (BSP) said. Preliminary data from the BSP showed external debt rose by 10.4% from the $117.918 billion seen as of June 2023. External debt includes all types of borrowings by residents […]
By Ashley Erika O. Jose, Reporter INFRASTRUCTURE development company Aboitiz InfraCapital, Inc. will be awarded the contract to operate and maintain the Laguindingan International Airport in Misamis Oriental, the Department of Transportation (DoTr) said. “The Laguindingan PPP (public-private partnership) project will be awarded to the original proponent,” Transportation Secretary Jaime J. Bautista said in a Viber message to BusinessWorld […]
TELECOMMUNICATIONS and digital services provider DITO CME Holdings, Inc. plans to list its P4.2-billion follow-on offering (FOO) on Oct. 10. The company has obtained regulatory approval for the FOO, which entails issuing additional shares to the public, DITO CME Holdings President Donald Patrick L. Lim told reporters last week. “We’re hoping it will be oversubscribed,” […]
For most businesses, the past few years have been difficult to say the least. The lingering effects of the pandemic, skyrocketing inflation and the consequent tightening of interest rates have made for a challenging economic environment. However, for I-Land, the company that launched I-Land Residences Sucat, it was a validation and evidence of the value […]
DMCI Mining Corp. expects a recovery in its nickel mining business amid an expected uptick in global prices, the company’s president said. “The first three quarters of this year have been terrible,” DMCI Mining President Tulsi Das C. Reyes told reporters last week. “Prices have dropped to about 40% to 50%, but the past 30 […]
1 of 9 Toyota’s ‘Start Your Impossible’ program is about believing in making a positive difference — whoever you are FROM WHERE we were seated on the stands of the Paris La Défense Arena in Nanterre, the frenzied splashing in the swimming pool — and the quickly moving swimmers making it — were nothing out […]
Federal Land received a total of 15 awards and recognitions at PropertyGuru Philippines Property Awards. In photo are (left to right) Customer Service Group Head Kerwin R. Reganit, Sales Group Head Maria Margarita Saenz-Resurreccion, Federal Land President and COO Thomas F. Mirasol, JLL Philippines Head of Property & Asset Management and member of PropertyGuru’s independent […]
THE Japan International Cooperation Agency (JICA) is considering funding over 10 projects in the Philippines, including railway and other infrastructure, next year. “We are now preparing more than 10 candidate projects for the next year,” JICA Chief Representative in the Philippines Takema Sakamoto told reporters on the sidelines of an event on Friday. These projects […]